Cost of Living in Carmel, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
181.3
100 = national avg
+81.3 vs national average
Living Wage (1 Adult)
$79,761
per year
Living Wage (Family of 4)
$188,526
per year
Cost Index by Category
Housing207.9
Food146.5
Transportation193.0
Healthcare137.2
Utilities149.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,655
per month
2 Bedroom
$2,910
per month
The overall cost of living index in Carmel is 181.3, which is 81.3% above the national average. Housing costs are above the national average at an index of 207.9. A single adult needs to earn approximately $79,761 per year to cover basic expenses.